Forecast: Vegetables Processing in Egypt

The vegetables processing industry in Egypt has exhibited a consistent decline in recent years. In 2023, the volume stood at 60 thousand metric tons, down from 79 thousand metric tons in 2014. The year-on-year variation has mostly been negative, with notable drops such as -7.59% in 2015 and -9.72% in 2017. Over the last five years, the compound annual growth rate (CAGR) has averaged -1.59%. The trend continues with forecasted data from 2024 to 2028 showing an average year-on-year decline of -1.39%, leading to a projected volume of 55 thousand metric tons.

Future trends to watch for:

  • Technological advancements in processing techniques that may enhance efficiency and reduce waste.
  • Potential shifts in consumer preferences towards fresh produce, impacting processed vegetable demand.
  • Government initiatives aimed at supporting agricultural output and processing infrastructure.
  • Global market dynamics, including export opportunities and competition from other countries.

Top Countries about Fast Food